Market Chatter: Colombier Acquisition II to Pursue Business Combination With GrabAGun

MT Newswires Live

Jan 06, 2025

Colombier Acquisition Corp (CLBR) has agreed to merge with GrabAGun in a deal valuing the online weapons vendor at $150 million, Bloomberg reported Sunday, citing people familiar with the matter.

Bloomberg reported that Colombier Chief Executive Omeed Malik also founded the investment firm 1789 Capital, which backs companies aligned with the American political right.

Colombier and GrabAGun did not immediately reply to MT Newswires' requests for comment.

Shares of Colombier were up more than 8% in Monday's premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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